Day By Day

Wednesday, October 21, 2009

Demise Of the Dollar

Niall Ferguson, economic historian extraordinaire, predicts the imminent demise of the dollar. [He] warns that China's love affair with the dollar is fading faster than anyone realizes.

Check it out here.

Ferguson is always provocative, but his arguments are solid and backed up by a deep understanding of economic history. I would not dismiss him, although in this case I am by no means convinced he is right.